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P

Pandora

$9.38

-0.045 (-0.48%)

14:20
05/19/17
05/19
14:20
05/19/17
14:20

Pandora calls outpace puts 13:1

Pandora calls outpace puts 13:1. The stock down a nickel to $9.37 and one player sells a 15K block of Jun 12 calls at 22c, probably closing. Separately, 7.5K Sep 11 - 13, 1X2 call spreads bought for 20c and possibly rolling a bullish play down 2 strikes, while reducing position size. A third notable trade is a 7.5K block of Sep 14 calls sold at 16c and likely closing. Jun 11, Jun 13, and Jan2019 15 calls are drawing interest as well. Total volume is running 2X daily average at 97K calls and 7K puts.

P Pandora
$9.38

-0.045 (-0.48%)

05/17/17
05/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying the company's exposure to cable and "outsized" subscriber declines at ESPN "have again become a focal point in investors' minds." 2. Pandora (P) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Heath Terry saying he was wrong in thinking the market would focus on new subscription products and a return to profitability by the fourth quarter. 3. Square (SQ) downgraded to Neutral from Buy at BTIG with analyst Mark Palmer citing valuation following the strong rally and removed his $20 price target. 4. AMD (AMD) downgraded to Hold from Buy at Loop Capital with analyst Betsy Van Hees saying she believes the stock is fairly valued and is already pricing in "a lot," including the launches of RYZEN CPUs, Vega GPUs and the new EPYC server chip. 5. Etsy (ETSY) downgraded to Hold from Buy at Loop Capital with analyst Blake Harper saying with Etsy's new management team undertaking an internal strategic and operational review, an imminent sale of the company is unlikely. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/17
RHCO
05/18/17
NO CHANGE
RHCO
Pandora could be acquired for $12 per share, says SunTrust
After The New York Post reported that merger talks between Pandora (P) and Sirius XM (SIRI) have resumed, SunTrust analyst Matthew Thornton says that Pandora can be acquired for a per share price of "$9+-$12+." He thinks that other suitors besides Sirius could include Tencent (TCEHY), Spotify, and Google (GOOG,GOOGL) However, the analyst adds that Pandora's new features have not impacted the company's fundamentals significantly, while the launch of its new products has been delayed. He cut his price target on the shares to $10.50 from $16 but kept a Buy rating on the stock.
05/19/17
MACQ
05/19/17
DOWNGRADE
Target $11
MACQ
Neutral
Pandora downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Amy Yong downgraded Pandora (P) to Neutral from Outperform and trimmed her price target to $11 saying potential M&A is to "tough to call" and fundamentals are "choppy." Yong said Liberty SiriusXM (LSXMA) is expected to remain financially disciplined and opportunistic, and unlikely to pay a substantial premium for Pandora. The analyst believes Pandora could sell Ticketfly which would free up financial capacity and help management focus on the core business, but said if neither a sale or M&A materializes, its standalone strategy will be the focus. As a result, Yong trimmed Pandora ad and subscription estimates to reflect the increasingly competitive environment and said profitability remains a question.
05/19/17
05/19/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Macquarie analyst Amy Yong downgraded Pandora (P) to Neutral from Outperform and trimmed her price target to $11 saying potential M&A is to "tough to call" and fundamentals are "choppy." The analyst believes Pandora could sell Ticketfly which would free up financial capacity and help management focus on the core business, but said if neither a sale or M&A materializes, its standalone strategy will be the focus. 2. Wells Fargo analyst Jeff Farmer downgraded Bloomin' Brands (BLMN) to Market Perform saying Street estimates could prove aggressive due to labor costs while share repurchases are decelerating. 3. Deutsche Bank analyst Tiffany Kanaga downgraded The Buckle (BKE) to Sell, citing a lack of near-term support post the Q1 report and continued long-term concerns. 4. HSBC analyst Steve McGarry downgraded Shire (SHPG) to Reduce, saying that while the hereditary angioedema data are positive, investors should avoid the "hemophilia risk." 5. RBC Capital analyst Matthew Hedberg downgraded Symantec (SYMC) to Sector Perform from Outperform, citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

INTU

Intuit

$127.16

1.78 (1.42%)

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Honeywell

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Canadian Natural

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, RDS.A

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RDS.B

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SRE

Sempra Energy

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0.77 (0.68%)

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X

U.S. Steel

$20.43

0.96 (4.93%)

14:45
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HON

Honeywell

$131.70

-0.14 (-0.11%)

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  • 31

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X

U.S. Steel

$20.39

0.9169 (4.71%)

14:40
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Options
US Steel calls outpace puts nearly 3:1 as shares rally »

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MOMO

Momo

$42.83

-0.75 (-1.72%)

14:39
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AZO

AutoZone

$596.00

-63.49 (-9.63%)

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  • 23

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HON

Honeywell

$131.63

-0.21 (-0.16%)

14:37
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  • 31

    May

ALXN

Alexion

$115.42

1.58 (1.39%)

14:31
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  • 23

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RBS

RBS

$6.95

0.09 (1.31%)

14:30
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  • 30

    May

HON

Honeywell

$131.98

0.14 (0.11%)

14:29
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Honeywell says spinoff of aerospace is 'intriguing concept' »

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  • 31

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HON

Honeywell

$132.08

0.235 (0.18%)

14:25
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Honeywell to shape portfolio changes over next 2-3 years »

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  • 31

    May

HLF

Herbalife

$69.44

-4 (-5.45%)

14:21
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BG

Bunge

$80.28

10.21 (14.57%)

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UTX

United Technologies

$122.18

0.52 (0.43%)

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  • 23

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MOMO

Momo

$42.83

-0.75 (-1.72%)

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  • 23

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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AIG

AIG

$61.56

0.175 (0.29%)

14:12
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  • 28

    Jun

BWLD

Buffalo Wild Wings

$150.60

-2 (-1.31%)

14:11
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Technical Analysis
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HON

Honeywell

$131.96

0.12 (0.09%)

14:11
05/23/17
05/23
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14:11
Earnings
Honeywell backs FY17 EPS view $6.90-$7.10, consensus $7.09 »

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  • 31

    May

HON

Honeywell

$131.98

0.14 (0.11%)

14:08
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Earnings
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WRB

W. R. Berkley

$67.93

0.26 (0.38%)

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